Virtusa (NASDAQ:VRTU) updated its second quarter 2021
After-Hours earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.50-0.56 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $311-319 million, compared to the consensus revenue estimate of $301.8 million.Virtusa also updated its Q2 guidance to $0.50 to $0.56 EPS.

A number of research firms have commented on VRTU. Barrington Research reissued a buy rating and issued a $38.00 price objective on shares of Virtusa in a research note on Thursday, May 14th. Needham & Company LLC upped their price target on Virtusa from $35.00 to $46.00 and gave the company a buy rating in a research note on Friday. Rosenblatt Securities lowered Virtusa from a buy rating to a neutral rating in a research note on Thursday, April 16th. Zacks Investment Research lowered Virtusa from a hold rating to a sell rating in a research note on Wednesday. Finally, BidaskClub raised Virtusa from a hold rating to a buy rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $42.50.

NASDAQ VRTU traded up $5.33 on Friday, reaching $40.60. The company had a trading volume of 1,534,082 shares, compared to its average volume of 203,137. The stock’s 50 day moving average is $31.91 and its 200-day moving average is $35.10. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 1.87 and a beta of 1.38. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.31. Virtusa has a 52 week low of $19.48 and a 52 week high of $52.81.

Virtusa (NASDAQ:VRTU) last released its quarterly earnings data on Thursday, July 30th. The information technology services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The business had revenue of $301.06 million during the quarter, compared to the consensus estimate of $287.20 million. Virtusa had a return on equity of 13.36% and a net margin of 3.32%. As a group, analysts forecast that Virtusa will post 1.35 EPS for the current year.

Virtusa Company Profile

Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, including advisory/target operating model, business process re-engineering/business management, transformational solution consulting, and business/technology alignment analysis; omni-channel digital strategy, experience design accelerated solution design, and employee engagement; and application portfolio rationalization, SDLC transformation, and BA competency transformation services.

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Earnings History and Estimates for Virtusa (NASDAQ:VRTU)

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